Total Shareholders' Equity at $84,949,906 versus $67,249,079 at year-end 2012.

China Commercial Credit, Inc. ( NASDAQ : CCCR ), a microfinance company whose current major business is providing microcredit loans and loan guarantees to small-to-medium enterprises (SMEs), farmers and individuals in Jiangsu Province, today reported that, for the year ended December 31, 2013, the company had net revenue of $12,541,075 compared to net revenue of $12,586,724 in 2012.

Net income for the year ended December 31, 2013 was $7,704,970, or $.81 per share, on total average shares outstanding of 9,535,161. This compares to net income of $8,312,469, or $1.04 per share, on total average shares outstanding of 7,960,662 in the prior year period. Accounting for non-cash expenses of $752,500 related to the conversion of Series A and B Preferred Shares at the closing of the company's IPO in August 2013, net income attributable to common stock shareholders was $6,952,470 for the year ended 2013 vs. $8,312,469 for the year ended 2012.

The decrease in 2013 net income compared to 2012 was primarily the result of an increase in total non interest expenses of $733,448, the majority of which comprised various travel expenses and legal and consulting costs. The 2013 net income was also negatively impacted by an increase in the provision for loan losses of $399,034, a charge assessed to reflect the added risk associated with the company's increase in loan receivables of approximately $4.4 million, to $90,203,413 in 2013 from $85,781,293 in 2012.

The company's cash position was $9,405,865 as of December 31, 2013, compared to $1,588,061 at year-end 2012. It included net IPO proceeds of $7.6 million, of which approximately $5.6 million has been approved by relevant government authorities as contributed registered capital to the company's operating entity as of the end of Q1 2014. Therefore, as of April 1, 2014, such funds can be used to expand the company's lending and guarantee capacity going forward.

Total Shareholders' Equity at year-end 2013 increased to $84,949,906 from $67,249,079 at year-end 2012.

"While net income fell moderately in 2013, we anticipate improved operating results in the current year based on an improved cash and registered capital base for expanding our microcredit lending and guarantee business, as well as contributions from our three new ventures anticipated for launch in 2014," said CEO and founder Mr. Huichun Qin. These ventures include a loan guarantee service for applicants on the Jiangsu Financial Bureau's Internet-based lending platform, utilized by thousands of SMEs, farmers and individuals in Jiangsu Province; and Pride Financial Leasing, designed to offer leases on machinery and equipment, transportation vehicles, and medical devices to municipal government agencies, hospitals and SMEs in Jiangsu Province and beyond; and Pride Lending Club, an online loan portal pairing prospective borrowers with willing lenders and loan guarantors throughout China.

China Commercial Credit (http://www.chinacommercialcredit.com), founded in 2008, provides business loans and loan guarantee services to more than 280 small-to-medium enterprises (SMEs), farmers and individuals in China's Jiangsu Province. Due to recent legislation and banking reform in China, these SMEs, farmers and individuals -- which historically had been excluded from borrowing funds from State-owned and commercial banks -- are now able to borrow money at competitive rates from microfinance lenders. According to 2012 data, SMEs account for eight of ten jobs in China and comprise nearly 60 percent of the nation's GDP.

Investors wishing to receive CCC's corporate communications as they become available may go to http://www.ir-site.com/china-commercial-credit/default.asp and register under Email Alerts. The company's blog, "From The CEO," also appears at the same site. Each new blog post will be announced on the company's Twitter account, @CCCR_update, where readers may link directly to the post.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of United States securities laws. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations. You should review the factors described in the section entitled "Risk Factors" in our prospectus filed with the SEC on August 14, 2013 and other documents we file from time to time with the SEC. We qualify all of our forward-looking statements by these cautionary statements.

Results of Operations Year Ended December 31, 2013 as Compared to the Year Ended December 31, 2012

For the Years Ended

2013

2012

Interest income

Interests and fees on loans

$

12,223,803

$

12,003,158

Interests and fees on loans-related party

-

13,119

Interests on deposits with banks

220,820

272,782

Total interest and fees income

12,444,623

12,289,059

Interest expense

Interest expense on short-term bank loans

(1,143,217

)

(1,298,081

)

Net interest income

11,301,406

10,990,978

Provision for loan losses

(484,069

)

(85,035

)

Net interest income after provision for loan losses

10,817,337

10,905,943

Commissions and fees on financial guarantee services

1,407,699

1,667,067

Over provision on financial guarantee services

316,039

13,714

Commission and fees on guarantee services, net

1,723,738

1,680,781

Net Revenue

12,541,075

12,586,724

Non-interest income

Government incentive

143,051

188,146

Other non-interest income

25,830

135,831

Total non-interest income

168,881

323,977

Non-interest expense

Salaries and employee surcharge

(1,047,589

)

(1,052,199

)

Rental expenses

(259,748

)

(254,921

)

Business taxes and surcharge

(499,075

)

(472,216

)

Other operating expenses

(1,818,302

)

(1,111,930

)

Total non-interest expense

(3,624,714

)

(2,891,266

)

Income Before Taxes

9,085,242

10,019,435

Income tax expense

(1,380,272

)

(1,706,966

)

Net Income

7,704,970

8,312,469

Amortization of beneficial conversion feature relating to convertible Series A Preferred Stocks

Loans receivable, net of allowance for loan losses $1,375,948 and $857,813 for December 31, 2013 and 2012, respectively

88,827,465

84,923,480

Interest receivable

1,124,734

905,454

Tax receivable, net

820,526

-

Property and equipment, net

254,795

302,626

Other assets

1,785,103

689,709

Total Assets

$

113,003,448

$

100,004,819

LIABILITIES AND SHAREHOLDERS' EQUITY

Liabilities

Short-term bank loans

$

16,360,721

$

20,606,791

Deposits payable

9,659,362

9,428,061

Unearned income from financial guarantee services

482,029

773,402

Accrual for financial guarantee services

588,740

880,725

Tax payable, net

-

20,449

Other current liabilities

629,073

742,745

Deferred tax liability

333,617

303,567

Total Liabilities

28,053,542

32,755,740

Shareholders' Equity

Series A Preferred Stock (par value $0.001 per share, 1,000,000 shares authorized at December 31, 2013 and 2012, respectively; nil and 645 shares issued and outstanding at December 31, 2013 and 2012, respectively)

$

-

$

1

Series B Preferred Stock (par value $0.001 per share, 5,000,000 shares authorized at December 31, 2013 and 2012, respectively; nil and 640 shares issued and outstanding at December 31, 2013 and 2012, respectively)